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Parish Mews, Gainsborough, Lincolnshire DN21 - Image 1
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Parish Mews, Gainsborough, Lincolnshire DN21

Yorkshire

£75,000
Listed on 09/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1152 sqft

Description

This 3-bedroom terraced house presents a significant renovation opportunity for investors and individuals looking to craft a personalized living space. The property is situated in a location that balances accessibility with community charm, which can enhance its appeal as a family home or rental unit post-renovation. The ground floor features a generous lounge area that invites relaxation and family gatherings. The kitchen/diner offers ample space, allowing for the potential transformation into a modern open-plan layout, maximizing both functionality and aesthetic appeal. On the first floor, two well-sized double bedrooms provide the essential comfort needed for family living. The family bathroom, currently functional, can be updated to include contemporary fixtures or reconfigured to better suit your preferences. The second floor hosts another double bedroom with an en-suite bathroom, presenting options for a master suite or a private retreat for guests. This layout not only provides individual privacy but also increases the property's rental value. Given its solid structure and the scope for customization throughout, this property stands out as an enticing investment for those willing to undertake renovations. With strategic improvements, this house has the potential to significantly increase in value while also catering to current market trends in residential properties.

Investment Analysis

(DN21 area)

Below Market Value

This property is priced -64.3% below area average per sq ft

-64.3%
Potential saving
This Property
£65/sq ft
Area Average
£182/sq ft
Avg Rent (weekly)
£156
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£231,011
10% above area average per sq ft
Potential ROI
+100.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (DN21)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 3.2%
5 year growth: 14.4%
Investment Disclaimer: Analysis based on DN21 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Parish Mews, Gainsborough, Lincolnshire DN21
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£275
Based on a loan of £56,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE